About Shridhar Steels Private Limited
Data last updated:
Shridhar Steels Private Limited is a private limited company based in Nagpur, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the die casting and metal forming segment of the manufacturing sector. It was incorporated on 11 October 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U27310MH2007PTC174918. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.85 Cr. It is led by directors Prafulla Shridhar Vaidya (Managing Director) and Adwait Prafulla Vaidya.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at 23 Pushpkunj Commercial Complex Central Bazar Road Ramdaspeth, Nagpur, Maharashtra, India – 440010.
As per the financials filed for FY 2017, the company reported a revenue of ₹14.08 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23.16 Lakh (net margin 1.6%) and EBITDA of ₹1.61 Cr (EBITDA margin 11.4%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years.
As per MCA filings, the company has open charges of ₹8.94 Cr on record. Court records list 14 cases involving the company, including 5 filed by the company and 9 filed against it; 4 cases are pending. The company has 3 deals on record (3 funding rounds), with disclosed funding of ₹3.29 Cr; the latest was in March 2014. Its 6 peer companies in the Machinery and Equipment industry (Control Valves, Die Casting), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 2 smaller; the largest is Rajmani Castings Private Limited with revenue of ₹14.34 Cr.
The last known website on record is shridharsteels.com.
Company details
Contact details
Shridhar Steels Private Limited's registered office is in Nagpur, Maharashtra. Its website is shridharsteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23 Pushpkunj Commercial Complex Central Bazar Road Ramdaspeth, Nagpur, Maharashtra, India – 440010
- IndustryManufacturing, Die Casting & Metal Forming
To see the full contact details of Shridhar Steels Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Shridhar Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Shridhar Steels Private Limited, buy the company report.
Financials of Shridhar Steels Private Limited
FY 2017 filings availableShridhar Steels Private Limited reported revenue of ₹14.08 Cr (up 213% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 47% over three years, including 213% growth in the latest year. EBITDA rose 857% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹14.08 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹1.61 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹23.16 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 11.4% | ||
| Net Profit Margin | 1.6% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Shridhar Steels Private Limited, buy the company report.
Board of directors of Shridhar Steels Private Limited
Shridhar Steels has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adwait Prafulla Vaidya Also directs: Manas Ispat Private Limited | Director | 02 Apr 2012 | 14 Years 6 Months | As last reported |
| Prafulla Shridhar Vaidya Also directs: Morya Agro Plantations Private Limited | Managing Director | 11 Oct 2007 | 19 Years 0 Months | As last reported |
Peer comparison
Shridhar Steels Private Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Control Valves, Die Casting), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rajmani Castings Private Limited | ₹14.34 Cr (FY 2025) | 8.0% | Delhi, India | |||
| Gangadhar Alloy Private Limited | ₹14.26 Cr (FY 2025) | 10.0% | Kolhapur, Maharashtra, India | |||
| Mudra Dies & Patterns Private Limited | ₹14.2 Cr (FY 2025) | 5.0% | Pune, Maharashtra, India | |||
| Autokast Ltd | ₹14.09 Cr (FY 2025) | 68.0% | Alappuzha, Kerala, India | |||
| Shridhar Steels Private Limitedthis company | ₹14.08 Cr (FY 2017) | ₹23.16 Lakh | 1.6% | 213.0% | Nagpur, Maharashtra, India | |
| Infinova Technocast Private Limited | ₹14.02 Cr (FY 2024) | 32.0% | Rajkot, Gujarat, India | |||
| Harita Castings Private Limited | ₹13.94 Cr (FY 2025) | 67.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Shridhar Steels Private Limited, buy the company report.
Auditor
Shridhar Steels Private Limited is audited by P S RATHI & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P S RATHI & ASSOCIATES | FY 2017 | 137461W |
Shareholding
The shareholding of Shridhar Steels Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shridhar Steels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Apr 2012 | 10352611 | The Cosmos Co-Operative Bank Limited | ₹1.19 Cr | Open | |
| 11 Jan 2010 | 10203987 | Others | ₹7.75 Cr | Open |
To see the full charge records of Shridhar Steels Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Shridhar Steels Private Limited has 3 deals on record (3 funding rounds), with disclosed funding of ₹3.29 Cr; the latest was in March 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹1.9 Cr | Investors: 2 individuals |
| Mar 2012 | Funding round | ₹90 Lakh | Investors: 2 individuals |
| Mar 2010 | Funding round | ₹49 Lakh | Investors: Morya Agro Plantations Private Limited , Snehadeep Metal Processors Private Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shridhar Steels Private Limited has 14 court cases on record: 5 filed by Shridhar Steels, 9 filed against it. 4 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 8 | 4 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S. Becquerel Industries Pvt. Ltd. | Pending |
| District court, South West, Delhi | Criminal case | Filed against the company by Ms Winoa Abrasives India Pvt Ltd | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Ms MPM Durrans Refracoat Pvt. Ltd. | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Nagpur, Maharashtra | Court case (Spl .Dkst) | Filed against the company by M/S Navdurga Enterprises, Vikas Suresh Chhabra | Pending |
To see the full case history of Shridhar Steels Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shridhar Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shridhar Steels Private Limited has 1 active EPFO establishment as of Mar 28, 2024.
GST
Shridhar Steels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Shridhar Steels Private Limited, buy the company report.
Recent activity
Shridhar Steels Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Varsha Praful Vaidya ceased to be Director on 02 Jul 2013.
Frequently asked questions
Shridhar Steels is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Shridhar Steels is a company under insolvency, formerly operating as a private limited company based in Nagpur, Maharashtra, India. The company works in die casting and metal forming, within the manufacturing industry. It was incorporated on 11 October 2007 and is registered under CIN U27310MH2007PTC174918. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shridhar Steels has 2 current directors:
- Prafulla Shridhar Vaidya - Managing Director
- Adwait Prafulla Vaidya - Director
The latest financial statements of Shridhar Steels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shridhar Steels is U27310MH2007PTC174918. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shridhar Steels has open charges of ₹8.94 Cr and no satisfied charges on record as per latest MCA filings.
Shridhar Steels has 14 court cases on record: 5 filed by the company and 9 filed against it. 4 are pending. Most are in the district courts.
Shridhar Steels was incorporated on 11 October 2007. It is registered with the Registrar of Companies, Mumbai.
Shridhar Steels has 3 deals on record (3 funding rounds), with disclosed funding of ₹3.29 Cr; the latest was in March 2014.
The peers of Shridhar Steels by revenue are Rajmani Castings Private Limited, Gangadhar Alloy Private Limited, Mudra Dies & Patterns Private Limited, Autokast Ltd, Infinova Technocast Private Limited and 1 more, all in the Machinery and Equipment industry (Control Valves, Die Casting), with the same principal business activity (metal and metal products).
Varsha Praful Vaidya ceased to be Director on 02 Jul 2013. Prafulla Shridhar Vaidya ceased to be Director on 03 Oct 2012. Adwait Prafulla Vaidya ceased to be Additional Director on 10 Sep 2012. Shridhar Steels has 5 board changes on record in total.